FX:NZDUSD   New Zealand Dollar/U.S. Dollar
8072 50 200
The NZDUSD             is in a corrective structure (looks like a triangle) which could break both ways, the down side is what I am interested in and will be selling the breakout.

Trade with care.
Thank you for your support.


https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos

The two latest videos are must watch !
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Training : add to skype mangal457
Spasiva
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Thanks Anil and nice chart, I just got out of my short position @ 0.67665 which opened two days ago, it almost kills me
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Hi Mr. Anil, if I interpret the triangle correctly, it should give an up thrust?
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whait forr ittt
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Great chart! :) I am also seeing something somewhat similar, but looking for a break to the upside :D
EURNZD IDEA
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just waiting for my sell point!!
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Is there any reason to be more supportive of the downside breakout compared to the upside?
I'm Still quite new to trading but from how i see, it seems like the chance of it going up is still higher.

NZDUSD Setup
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Looks like a great trade setup Anil thanks for sharing. Im looking at a trade like this with one more small move up.
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Thank you, amazing.
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I am a new trader here. Do you share signals?
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mlbo AngelaGeter
he doesn not give signals for a good reason. you will not become a successfull trader with copying signals.
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Thank Anil
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sir breakout done in selling mode. but tonight FOMC news in our direction or not????
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short on this pair :)
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Same idea here! Hope this plays off well (:
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Miz reynaldo.flores.morgan
you entered?

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I think forex has it with me cause every time I buy/sell a breakout it gets back inside the broken trendline.. Do you consider a breakout done only when a 4h candle closes or 1h is enough for you to consider it valid?
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it broke both the 1hr and 4 hr & went back in. how do we solve this Mr Anil. please advise. thank you!
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anilmangal TOP richard.wong.330467
OK what was your strategy for trading this break out , because by my strategy that I used, I am not in the trade.
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anilmangal TOP anilmangal
Then have you personally tested that strategy you are using ? where and why was you entry and where and why was you stop?
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anilmangal TOP anilmangal
If you have a stop based on your strategy that you have tested then you KNOW how many losing trade that strategy will give you and if you know that then why freak out? What was your money management ? if your money management allows you to have a certain Number of losing trades based on your strategy then why freakout?
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i just followed the first picture. selling the breakout.
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anilmangal TOP richard.wong.330467
That my friend is NOT A STRATEGY!
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anilmangal TOP richard.wong.330467
If you had the same strategy as me then by the RULES OF IT you would not be in the trade.
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oh ok. thanks.
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anilmangal TOP richard.wong.330467
In short without the rules but just an idea here is what you should have done
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ok thanks. guess i missed that confirmation part.
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anilmangal TOP richard.wong.330467
There are Rules as what the confirmation is for every breakout trades and it is different depends on what breakout I am trading ,so like I said this is just an idea of what i was looking for on this trade. It has to do with the structure I am looking at on any given trade.
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anilmangal TOP richard.wong.330467
Some time you get the confirmation and you still take a loss, but that is trading and that is why we use good money management.
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Laurence anilmangal
Thank you for this :D
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mlbo anilmangal
great explaination. many traders need to learn this. maybe you could put some words how this "confirmation" could look like in your view
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I could , it will take about two weeks of theory an hour a day and about 4 weeks of practice 2 hrs daily to get the concept , then you will need a lot of practice under guidance in some kind of a 24/5 trading room (live) and maybe 2 daily updates on the charts so see if you are doing it right. I believe I know where you can all of that .
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anilmangal TOP anilmangal
watch my last free webinar to the end .
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by confirmations do you mean RSI/volume indicator to cyper whether it is a true break out or fakeout?
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anilmangal TOP DavidMarcy_TradeHuntFx
no, I don't use any indicator to trade.
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so you use price action as your confirmation?
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NZDUSD: okay to sell now (at 0.6749) and TP at 0.6525?
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i think the time now for sale nzd usd
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PIPCATCHER adamzahra
Thank you, Adam!
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I have now gone short, Looks to be consolidating and have broken below
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i place sell trade on at 0.67365....
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i have to close it now ?
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can i enter now and short position?
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Hi Anil, would you say this trade is still in play and that a good confirmation would be a kiss good bye of the trendline that ive marked on this chart? Say if an hourly or 4 hourly candle meets and then closes below the trendline? Thanks for the very informative posts!

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anilmangal TOP nxtleveltrader
I posted an update
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Hi Anil,

I believe there is a good chance of Flat correction on it's way.

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Hello Anil!! Looks like there could be a very nice long opportunity setting up on EURNZD.
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Still in consolidation, let's see.
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